IEAD- IGREJA EVANGELICA ASSEMBLEIA DE DEUS (RESGATE MINISTRIES)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[ST] DECEMBER 2023
CHARITY NUMBER: 1146080
IEAD- IGREJA EVANGELICA ASSEMBLEIA DE DEUS (RESGATE MINISTRIES) 544 ROMFORD ROAD LONDON E7 8AY
INDEX Page Index 1 Trustee’s Report 2-3 Independent Examiner’s Report 4 Receipts and Payments Account 5 Statement of Assets and Liabilities 6 Notes on the financial Statements 7
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IEAD- IGREJA EVANGELICA ASSEMBLEIA DE DEUS (RESGATE MINISTRIES) TRUSTEES’ REPORT YEAR ENDED 31[ST] DECEMBER 2023
The trustees are pleased to present their report for the year ended 31[st] December 2023 for the charity with charity number 1146080.
The Trustees of the charity are: Pastor Isaque Leite
Mr Edson De Avila
Ms Andreia Fernando Masi Leite Ms Micaele Fernanda Leite
The principal address of the charity is: Flat 34, 544 Romford road London E7 8AY
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a declaration of trust that was executed 24[TH] January 2012. The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation continues to hold successful meetings through the year in which individuals were equipped and educated on the principles of the Christian faith. The church has continued to hold regular worship services in the community. This continues to have a positive impact on the members and also the wider public and this has enhanced the spiritual lives of the people that have attended the meetings.
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FINANCIAL REVIEW
The income of the charity is above £79,000. This is an increase on the previous year and is a good amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs.
FUTURE DEVELOPMENTS
The church intends to continue to host its regular yearly conferences in UK. The intended re-appointment of our present independent examiner at the upcoming trustee meeting is expected to support the financial operations by making it more effective. The charity has no outstanding debts and is an ongoing concern.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure .This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 3[rd] January 2024 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees
IEAD- IGREJA EVANGELICA ASSEMBLEIA DE DEUS (RESGATE MINISTRIES)
I report on the accounts of the church for the year ended 31[st] December 2023 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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State whether particular matters have come to my attention.
Basis of Independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
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(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
CHUKS AJUKA BSc(Man), FICB PMDip FRESH FIRE ORGANISATION 95 Miles Road Mitcham Surrey CR4 3FH
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IEAD - IGREJA EVANGELICA ASSEMBLEIA DE DEUS (RESGATE MINISTRIES)
ACCOUNTS FOR THE YEAR ENDED 31st December 2023
1 Receipts & Payments Account (General Purpose Fund)
Income Receipts
| Income Receipts | |
|---|---|
| Tithes and Offerings Other Income Gift Aid Total Receipts Direct Charitable Expenditure Hospitality Repairs & Maintenace Fuel Admin services Advertising Accountant Charity donations Travel Church events Wages Service charges Stationary Hall Hire Welfare Bank charges Supplies Ministry expenses Telephone & Internet Light & Heat Hire of equipment Professional fees Insurance Vehicle expenses Other Expenditure Fixtures & Fittings Stationary Equipment Vehicle Subscriptions Total Payments Net Receipts/Payments Cash Funds at start of year Cash Funds at end of year |
£ £ 2023 2022 79894 66589 923 1010 18142 11838 ___ ___ 98959 79437 |
| 3025 13393 193 151 3742 0 2016 1155 481 0 480 480 6475 200 4120 5851 16156 2094 5386 0 0 7519 0 608 19089 11484 654 1932 6613 5823 11647 11750 5977 0 0 111 4064 2270 0 110 0 740 3324 2036 0 4197 |
|
| 93442 71904 0 0 5007 1542 5085 0 0 2861 |
|
| 103534 76307 -4575 3130 11499 8369 |
|
| 6924 11499 |
|
| ______ |
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IEAD- IGREJA EVANGELICA ASSEMBLEIA DE DEUS (RESGATE MINISTRIES)
2 Statements of Assets and Liabilities at 31st December 2023
| Cash Funds Petty cash Nationwide building Society Total Cash Funds Assets Retained for the Charity's Own use Fixtures & Fittings Musical Instruments Equipments Vehicle Liabilities Accounting fee NET ASSETS |
Unrestricted Funds 2023/£ 2022/£ 6923 11499 ___ 6923 11499 ___ 638 798 491 614 11333 9159 5988 2400 _ _ 17812 12173 _ _ 499 480 24236 23192 |
|---|---|
Approved by the Trustees and signed on their behalf:
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IEAD- IGREJA EVANGELICA ASSEMBLEIA DE DEUS (RESGATE MINISTRIES) NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st December 2023
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis under Charities Act 2011
Funds
Unrestricted funds are those which can be used at the Trustees' discretion. Restricted Funds are those whose purposes have been restricted by the donor.
Staff
The church had no employees. All the work was carried out by the volunteers.
PUBLIC BENEFIT
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit. Details of how this is achieved are provided in the trustee report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
DEPRECIATION
Depreciation is calculated at 20% reducing balance method.
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